Stephens started coverage on shares of Itron (NASDAQ:ITRI) in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $64.00 price target on the scientific and technical instruments company’s stock.
A number of other research analysts also recently issued reports on the stock. Robert W. Baird upgraded shares of Duluth from a neutral rating to an outperform rating and set a $22.00 target price on the stock in a research report on Tuesday, May 7th. Citigroup set a $210.00 target price on shares of Constellation Brands and gave the company a hold rating in a research report on Monday, July 1st. Oppenheimer increased their price target on shares of Itron from $60.00 to $68.00 and gave the company an outperform rating in a research report on Tuesday, May 7th. BidaskClub downgraded shares of Zebra Technologies from a buy rating to a hold rating in a research report on Wednesday, May 8th. Finally, ValuEngine downgraded shares of Valero Energy from a hold rating to a sell rating in a research report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $68.70.
Itron stock traded down $0.87 during trading hours on Monday, reaching $60.59. 3,242 shares of the company’s stock traded hands, compared to its average volume of 326,693. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.40 and a quick ratio of 1.07. Itron has a fifty-two week low of $44.35 and a fifty-two week high of $66.95. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. The business’s 50 day moving average price is $59.99.
Itron (NASDAQ:ITRI) last released its earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.27. Itron had a net margin of 1.87% and a return on equity of 17.97%. The company had revenue of $614.58 million for the quarter, compared to the consensus estimate of $591.88 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Itron will post 2.63 EPS for the current fiscal year.
In related news, insider Philip Mezey sold 31,205 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $59.07, for a total value of $1,843,279.35. Following the sale, the insider now directly owns 109,185 shares in the company, valued at approximately $6,449,557.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Scopia Capital Management Lp sold 69,094 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $53.23, for a total transaction of $3,677,873.62. The disclosure for this sale can be found here. Insiders sold a total of 487,310 shares of company stock worth $26,457,518 over the last quarter. 2.35% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its holdings in Itron by 47.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,381 shares of the scientific and technical instruments company’s stock worth $64,000 after buying an additional 446 shares during the period. Smithfield Trust Co. raised its holdings in Itron by 2,120.0% during the 1st quarter. Smithfield Trust Co. now owns 1,443 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 1,378 shares during the period. Osborn Williams & Donohoe LLC acquired a new stake in Itron during the 1st quarter worth approximately $95,000. ETF Managers Group LLC raised its holdings in Itron by 10.0% during the 1st quarter. ETF Managers Group LLC now owns 2,000 shares of the scientific and technical instruments company’s stock worth $93,000 after buying an additional 182 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Itron by 37.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,663 shares of the scientific and technical instruments company’s stock worth $221,000 after buying an additional 1,273 shares during the period. Hedge funds and other institutional investors own 97.56% of the company’s stock.
Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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